Historical Relationship Between Gold and Inflation | BullionBuzz Chart of the Week
In this week’s Chart of the Week, we focus on the historical relationship between gold and inflation. Using YoY figures, it was determined that gold has increased an average of 15.4% when the YoY inflation rate is greater than 3%. With Jerome Powell indicating that inflation rates will average out to 2% over the longer term, there is strong potential for inflation to increase which has strong implications for gold as displayed.
Source: Ycharts; LBMA; BMG Group Inc.
